04.28.2020 - By Hedgeye Risk Management
In this latest issue of my weekly podcast, I discuss the market "narrative" surrounding COVID19. The market expects immediate and total recovery with no second wave, unlimited stimulus support, and for the market to rise higher than before. But right now, we are in the eye of the storm. By June, we could be seeing the start of a second wave and waking up to the true economic damage. Continued stimulus? Right now, both Democrats and Republicans support big government spending. We expect m...